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should I cash in my endownment policy
jamgirl
Posts: 215 Forumite
we changed our mortgage 3 years ago to a repayment mortgage but kept the policy going as a savings plan. it is linked in no way to our mortgage.
however we have outstanding debts of 10,000 which could be paid off if we cashed it in.
this would also then free up £250 each month.
we are fairly sure this is what we should be doing but thought we should ask on here first!
however we have outstanding debts of 10,000 which could be paid off if we cashed it in.
this would also then free up £250 each month.
we are fairly sure this is what we should be doing but thought we should ask on here first!
0
Comments
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How long to run on the endowment?The chances are that the interest on your loans over a period would be more than what your endowment is.I would repost this thread under mortgages and endowments---there are some good people advising there.0
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yes and consider selling your policy rather than cashing it in, you usually get a better price.0
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we have 7 yrs left
i will also post this on the mortgage board.
thanks0 -
You will find it useful if you post all the details of the policy.0
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